Kazakhstan — Gross inflows of foreign direct investment grew in Kazakhstan in the first half of 2016. Direct investment hit $9.3 billionin this period which is 25.8 percent more compared to the same period of 2015.

Mexico — BP has approved a $9 billion investment in its Mad Dog project in the Gulf of Mexico, its first major new platform in the region since a 2010 explosion at its Macondo well led to the worst offshore disaster in U.S. history.

Morocco — Morocco signed an agreement to invest over $2 billion in Ethiopia over a five-year period to build a fertiliser factory.

Nigeria — The country needs at least $14 billion a year in new investment over the next five years to raise oil output to 2.2 million barrels a day and even higher spending to lift it to 3 million bpd.

Oman — The latest official figures show that Iran’s exports to Oman increased by about 400% after the removal of sanctions in January in what could be a strong indication that the Sultanate is already replacing the UAE as Iran’s the most important regional trade partner.

UAE — The country seeks to attract more than $70 billion in industrial investments by 2025. The investments will help increase the share of the industrial sector in the country’s GDP to 25 percent, up from the current 16 percent, and ensuring the industrial sector will become the driving force in the country’s economic growth.

The Briefing

Weekly curated news, tips & opportunities for the global business community

Thanks! You are signed up to our briefing updates.

﻿

Sign up to Download:

Upon signing up to our newsletter, download link to will appear below immediately.

Download link: [PDF].

Sign up for IIG Monthly Updates

Sign up to our newsletter to keep up with the latest updates from IIG.

Thanks! You are signed up. You will be notified about our publication releases.